RAIL SETTLEMENT PLAN LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-06-29 (in 1mo)
Last made up 2025-06-15
Watchouts
Cash
£59M
+18.3% vs 2024
Net assets
£134K
-86.8% vs 2024
Employees
—
Average over period
Profit before tax
-£906K
-6,371.4% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £43,058,000 | £41,307,000 | |
| Operating profit | £109,000 | -£2,454,000 | |
| Profit before tax | -£14,000 | -£906,000 | |
| Net profit | -£62,000 | -£880,000 | |
| Cash | £50,143,000 | £59,327,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £1,014,000 | £134,000 | |
| Equity | £1,014,000 | £134,000 | |
| Average employees | — | — | |
| Wages | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 0.3% | -5.9% | |
| Net margin | -0.1% | -2.1% | |
| Gearing (liabilities / total assets) | 99.6% | 100.0% | |
| Current ratio | 1.00x | 1.00x | |
| Interest cover | 0.06x | -10.10x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company has net assets of £134,000 (2024: net assets of £1,014,000). Through the mechanism of the TSA, the members are obliged to fund all liabilities in the Company. To ensure that the Company has the ability to settle liabilities as they become due, the Company has prepared a cash flow forecast for a period of at least 1 year from signing of these financial statements. Accordingly, the financial statements are prepared on the going concern basis as the Company's management believes that it will be able to meet all its liabilities as they fall due for payment.”
Significant events
- “On 20 February 2024, the government published the draft Rail reform Bill, describing the Bill as a key part of their vision for the future of our railways, detailing how the proposals will leverage private sector innovation to deliver a better service overseen by Great British Railways (GBR).”
- “On 18th February 2025, the government announced further plans into Great British Railway (GBR) and launched a consultation to gather views on these plans. Rail Delivery Group will be incorporated into GBR. Consultation on these plans closed on 15 April 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 51 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DOWNEY, James Peter Edward | Director | 2026-03-27 | May 1977 | British |
| FORTUNE, Michael James | Director | 2021-07-15 | Jul 1988 | British |
| OGUN, Ola | Director | 2018-09-20 | Jul 1972 | British |
| ROBERTSON, Michael | Director | 2022-09-30 | Nov 1983 | British |
| SCOTT, Alexis James | Director | 2020-04-03 | Mar 1983 | British |
| STARR, Jacqueline | Director | 2020-12-01 | Sep 1971 | British |
Show 51 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HEWETT, Peter Graham | Secretary | 1995-06-12 | 1995-09-12 |
| LYNN, George | Secretary | 2016-09-07 | 2018-09-28 |
| TREWIN, Peter Charles | Secretary | 1995-06-15 | 1996-10-30 |
| YELLAND, Christopher John | Secretary | 1996-10-30 | 2016-09-07 |
| ALLAN, Wilma Mary | Director | 2004-09-02 | 2017-11-13 |
| ALLEN, Anthony Douglas | Director | 2000-06-15 | 2009-08-20 |
| BEDDOW, Paul Simon | Director | 2009-11-05 | 2011-07-04 |
| CAMERON, Euan Alexander Robert | Director | 2001-05-01 | 2002-08-08 |
| CAMERON, Euan Alexander Robert | Director | 1997-08-11 | 2000-11-08 |
| CASWELL, Benjamin John, Dr | Director | 2005-02-03 | 2008-12-01 |
| CORNTHWAITE, Christopher John | Director | 2005-06-23 | 2006-09-21 |
| DOWNEY, James Peter Edward | Director | 2010-06-03 | 2016-04-28 |
| DUNN, Bernard John | Director | 1995-07-11 | 2003-12-31 |
| DYER, Peter Charles | Director | 2008-12-01 | 2021-07-15 |
| FABIG, Buster Paul | Director | 2002-04-08 | 2003-03-14 |
| FIELDEN, Thomas Edward | Director | 2007-02-13 | 2007-12-09 |
| FREE, David William | Director | 1996-02-09 | 2000-11-27 |
| GARNETT, Christopher William Maxwell | Director | 1996-10-30 | 2001-10-31 |
| GOLDSMITH, Susan Janet | Director | 2005-10-21 | 2009-12-03 |
| GOLTON, Adam Charles Robert | Director | 2010-02-11 | 2022-09-23 |
| GORDON, James Charles Mellish, Major General | Director | 1996-10-30 | 1999-03-25 |
| GRIFFIN-SMITH, David Garth | Director | 1995-06-12 | 1996-01-16 |
| HARRISON, Richard Charles Vyvyan | Director | 2008-09-02 | 2010-08-20 |
| HAVEN, William Leslie | Director | 2000-11-27 | 2002-02-25 |
| HEWETT, Peter Graham | Director | 1995-06-12 | 1995-09-12 |
| HOLT, Elaine Karen | Director | 2001-04-30 | 2002-08-08 |
| HOWES, Stephen | Director | 2008-11-11 | 2016-06-30 |
| JEFFERIES, Peter David | Director | 2005-02-04 | 2008-04-30 |
| JOHNSON, Cyril Francis | Director | 1999-04-07 | 2000-05-15 |
| KAVANAGH, Timothy Brendan | Director | 2018-06-27 | 2019-08-18 |
| KAVANAGH, Timothy Brendan | Director | 2010-02-24 | 2015-05-28 |
| LAIN, David Antony | Director | 2003-02-10 | 2008-09-26 |
| MCLAREN, Ian | Director | 2018-06-26 | 2022-05-27 |
| MILLERSHIP, Julie | Director | 2008-10-21 | 2009-08-05 |
| MILLS, Shaun Michael | Director | 2004-09-02 | 2007-05-24 |
| MUIR, George Watson | Director | 1999-04-15 | 2008-04-30 |
| MURPHY, Susan Margaret | Director | 2002-10-17 | 2004-07-27 |
| PACEY, Philip | Director | 2001-01-26 | 2003-06-13 |
| PLUMMER, Paul Jonathan | Director | 2015-12-17 | 2020-12-01 |
| POWLES, Mark Andrew | Director | 2001-05-18 | 2003-02-10 |
| PURSE, Stephen John | Director | 2004-05-24 | 2009-03-31 |
| ROBERTS, Jonathan Luke | Director | 2011-07-04 | 2020-04-03 |
| ROBERTS, Michael Andrew | Director | 2008-07-31 | 2015-12-16 |
| SMITH, Alistair Douglas | Director | 2002-04-19 | 2010-04-08 |
| SMITH, Richard Sauvan | Director | 2004-04-15 | 2005-04-20 |
| STEEL, Laurence Theodore Thomas | Director | 2002-10-10 | 2004-05-28 |
| TAYLOR, Robert William | Director | 2018-06-27 | 2022-10-27 |
| WATTERS, David Adam Brown | Director | 1995-07-11 | 1997-04-09 |
| WEST, Andrew Charles | Director | 2004-01-28 | 2018-04-06 |
| WHITEHOUSE, Mark Edward | Director | 2015-06-24 | 2019-12-09 |
| WHITTINGHAM, Philip | Director | 2009-08-06 | 2015-06-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Atoc Limited | Corporate entity | Significant influence, significant-influence-or-control-as-firm | 2016-06-12 | Ceased 2025-08-20 |
Filing timeline
Last 20 of 195 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-01 | AA | accounts | Accounts with accounts type full | |
| 2025-09-10 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-08-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-06-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-27 | AA | accounts | Accounts with accounts type full | |
| 2024-06-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-15 | AA | accounts | Accounts with accounts type full | |
| 2023-07-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-06-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-11-10 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-04 | AA | accounts | Accounts with accounts type full | |
| 2022-09-30 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-23 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-06-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-05-27 | TM01 | officers | Termination director company with name termination date | |
| 2022-01-20 | CH01 | officers | Change person director company with change date | |
| 2021-10-26 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-4.1%
£43,058,000 £41,307,000
-
Cash
+18.3%
£50,143,000 £59,327,000
-
Net assets
-86.8%
£1,014,000 £134,000
-
Employees
—
Not reported
-
Operating profit
-2,351.4%
£109,000 -£2,454,000
-
Profit before tax
-6,371.4%
-£14,000 -£906,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers